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...One option is to purchase Ford’s Saarlouis plant in Germany. Shu said the US carmaker was being “very aggressive” in its negotiations, though the two sides have “good communications”....
...There are plenty of new Jeeps and Ford Broncos for sale at Jay Darling’s dealerships. At least for now....
...Of Ford’s $1.1bn profit in the final quarter of last year, roughly a quarter came from the Ford Credit arm. In 2021, the finance unit generated half of Ford’s entire annual profits....
...[but] it’s going to take more time than we expected 18 months ago,” Ford chief executive Jim Farley told investors this month....
...EVs are also lingering longer on dealership lots. Dealers are taking 88 days to sell their entire supply of electrified cars and trucks, compared to 39 days in October 2022, according to Cox....
...For months, the Ford dealership in the North Hills neighbourhood of Los Angeles sold the electric Mustang Mach-E at a mark-up, citing huge demand....
...He added that the company decided to bring the vehicle over after a significant number of customers went to dealerships to try to reserve a model following its US launch last year....
...GM sold just over 17,000 electric vehicles in the US in the third quarter, compared with just under 21,000 from rival Ford....
...No local dealerships had EVs on the lot, and Ford guaranteed them a six-month delivery window, Gaines said....
...Nearby, a car transporter was being filled with bruised and dented Fords....
...“Anyone who was almost [about to buy an EV] has thought they have five more years now,” said Darren Ardron, who runs the Perrys dealership group in the UK....
...Ford has predicted that average transaction prices will decline by 5 per cent by the end of the year....
...Whereas in the auto industry, a lot of the businesses that depend on, you know, Ford and GM and Stellantis plants were able to operate at some level, whether that’s parts suppliers and car dealerships....
...This also explains the outsized growth of the premium brands such as BMW and Audi in the UK, as drivers found their products, which have strong second-hand value, just as cheap to access using a PCP as a Ford...
...However, Masson predicts car dealerships will tempt drivers to roll over and take out another PCP on an even flasher motor....
...In doing so, it managed to overtake Tesla before Volkswagen, Ford or General Motors, each of which had made this a public goal....
...A slide flashed up with a dozen car brands, from Ford and Honda to Porsche and Mercedes-Benz, that are “excited to bring this new vision of CarPlay to customers”, Apple announced....
...dealership in Augusta last week, with his bright red campaign bus as a backdrop....
...That is more than double the 16 per cent held by Renault or Ford, their closest competitors....
...In the UK, Jardine Motors Group, a luxury car dealership with more than 2,700 employees, is using a customer data platform from Informatica as part of a digital transformation programme....
...Car manufacturers including Ford and General Motors have been forced to idle factories and shifts....
...They could be especially important for Tesla, which lacks dealerships where potential buyers typically go for test drives. That makes Hertz’s move a “genius idea”, said Mike Ramsey, analyst at Gartner....
...This article has been updated to correct the date Kyle Ashworth bought his Ford Mustang...
...Jay Darling, president at Darling’s dealership in Bangor, Maine, said he had 80 reservations to buy the Lightning, compared with roughly 65 for the Bronco, Ford’s competitor to the Jeep....
...Aston Martin removed excess GT sports cars from dealerships at the start of the year to protect their value....
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